How Verizon and Sprint could sell off their prepaid hotspots
Verizon and AT&T are both preparing to sell off the wireless network for prepaid mobile hotspots, sources tell CNN.
The companies are also expected to unveil the details of their plans to acquire wireless hotspots at a September 7, 2017, conference call.
Verizon has already made clear that it would sell its prepaid wireless business.
The company has said it is seeking to acquire prepaid hotspets as part of a broader reorganization of its business.
Verizon has also indicated that it will sell off wireless network assets.
The move comes at a time when the wireless industry is facing unprecedented competition from prepaid carriers such as T-Mobile and Verizon Wireless.
Verizon and T-Mob are the two largest prepaid wireless carriers in the United States.
T-Mo has also been pushing hard for a sale of its network assets, which it sees as an investment opportunity.
According to a Reuters report last month, the combined company would be worth $2.3 billion.